Rio de Janeiro Fiscal Management and Sustainable Development Policy Loan

The development objective of the Rio De Janeiro Fiscal Management and Sustainable Development Policy Loan for Brazil is to support the Municipality of Rio de Janeiro in: (i) strengthening fiscal management to improve medium-term fiscal sustainability; and (ii) accelerating the transition towards a low-carbon, resilient and inclusive urban development. Pillar 1 is related to the PE and PPA area of governance, as it supports the strategic initiatives to strengthen fiscal responsibility and increase the accountability and efficiency of public spending. Pillar 2 supports several initiatives across the six strategic areas under the PE and PPA, including: quality of the transport system and public space, safe traffic and transportation, women and gender equity, downtown revival (Reviver Centro), low emission district and climate management, and resilience and risk management.